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Watch for Costco Wholesale to Potentially Rebound After Falling 1.92% Yesterday

Mar 08, 2018 (SmarTrend(R) News Watch via COMTEX) --

Costco Wholesale (NASDAQ:COST) traded in a range yesterday that spanned from a low of $183.08 to a high of $186.35. Yesterday, the shares fell 1.9%, which took the trading range below the 3-day low of $184.78 on volume of 2.5 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is tracking the current trend status for Costco Wholesale and will alert subscribers who have COST in their portfolio or watchlist when shares have changed trend direction.

Costco Wholesale share prices have moved between a 52-week high of $199.88 and a 52-week low of $142.11 and are now trading 30% above that low price at $184.08 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

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